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Fleming sets up dedicated IFA sales service

Fleming Asset Management&#39s retail sales and marketing operation will become an IFA-dedicated operation under plans just announced by the investment bank.

Save & Prosper will become the distribution channel for direct brokers.

Fund management for both will remain with Fleming Asset Management.

The programme will take a year to complete and a transitional arrangement will operate until next year&#39s launch of Fleming&#39s Open Ended Investment Company.

Fleming director of investment sales Phil Jefferson says: &#34Today&#39s announcement is just part of our commitment to ensuring IFAs receive the best possible products and services.&#34


F&C Pacific Investment Trust maintains dividend

Foreign and Colonial Pacific Investment Trust plc has recorded a 14 per cent fall in the share price and fall in the net asset value per share of 6.1 per cent this year.But the board has declared an unchanged dividend of 0.8p in its interim statement of results for the half year ending 31 July.The […]

A&L caps to October 2002.

Alliance & LeicesterCAPPED RATE MORTGAGESCapped term: Until October 1, 2002.Capped rates: Option one – loans up to 80 per cent of valuation – 6.95 per cent, loans up to 90 per cent of valuation – 7.1 per cent or loans up to 95 per cent of valuation – 7.35 per cent. Option two – loans […]

Bristol & West offers High Street &#39tax haven&#39

Bristol & West claims that savers can access a &#39tax haven&#39 in the High Street by investing in their new &#39Balanced Pep&#39.The product allows investors to place up to half of their investment in an 8-month bond paying 8.5 per cent gross a year while the other half is invested tax free in a Pep. […]

M&G aims for High Yield

PEPSM&GHIGH YIELD CORPORATE BOND PEPAim: To provide high monthly income by investment in lower-rated high-yield bonds.Minimum investment: Single – £1,000, regular – £50 a month.Investment split: Model portfolio based on existing corporate bond – corporate bonds – 87 per cent, gilts – 8 per cent, cash – 5 per cent.Yield: Redemption – 9.5 per cent, […]


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